03:33 PM EDT, 05/08/2025 (MT Newswires) -- Consumer stocks rose late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 2%.

In economic news, the UK said it secured the first trade deal with the US, with the agreement covering various industries including UK steel and British car makers.

In corporate news, Groupon ( GRPN ) shares jumped 41%, a day after the company posted a surprise Q1 GAAP profit.